Hi, I wanted to know how is the average price is will be calculated.
I have brought RCOM @ 17Rs
Again I have brought at @ 25Rs , now my average is 24Rs.
Now all this scrip of RCOM are in my holding A/c for for more than 1 Weeks that means I have received the delivery.
Now suppose if I exit my holding position @ 30Rs at 9.15Am monday, its been showed in my position account, and my holding a/c shows zero holdings, and the P/L in position shows red/green based on the price movement. Based on that I again exit from the position & brought it back again @ 29Rs on the same day before market gets closed with a profit; basically short selling.
So in my position its shows profit of 1k, what happens to the holding side now?
Now I want to hold this stock again for a week as I brought it back on the same day, so
- What will be the average price of the stock now, it was 24Rs before?
- Will it impact the average price?
- What about the short selling profit i made, will it come in my account?